APM PMQ EXAM 1 REVIEW SHEET LATEST
QUESTIONS AND SOLUTIONS GRADED A+
⩥ Who are the actors involved in change control and what are
their responsibilities?.
Answer: *Sponsor*
- Ultimate authority over outcome
- Ensures approved changes do not endanger viability of
business case
- May allow PM tolerances to approve change requests.
*Change Control Board*
- May be created to have delegated authority over CRs
- Should contain representation from all relevant parties (e.g.
design authority, procurement)
*Project Manager*
- Ensures CC process is in place and strictly followed
,- Works with team to ensure CRs impact on benefits/feasibility
is fully evaluated with all recommendations sound.
⩥ What is configuration management?.
Answer: Encompasses the admin activities concerned with the
creation, maintenance, controlled change and quality control of
the scope of work.
(What is to be built, and how it fits together and operates - all
baselined).
It is closely related to change control and information
management.
⩥ What is the configuration management process?.
Answer: PICSAVA
*Planning* - Create a configuration management plan, including
guidelines on level of detail needed, roles & responsibilities.
*Identification* - Each item identified, numbered, and detailed
in context.
,*Control* - Configuration baseline is protected via change
control procedures, items stored if needed.
*Status Accounting* - Status and version of each item is tracked
and recorded throughout project e.g. with register of assets.
*Audit* - Items' status should be reviewed at each stage gate to
ensure actual status is correct esp. when handed over.
⩥ Define each earned value management term, what it is, and
how it's calculated.
Budget at completion (BAC):
Planned cost (PC):
Planned duration (PD):
Actual cost (AC):
Earned value (EV):
Cost variance (CV):
, Schedule variance (SC):
Cost Performance Index (CPI):
Schedule Performance Index (SPI):
Estimate at completion cost (cost) (EACc):
Estimate at completion (time) (EACt):.
Answer: *Budget at completion (BAC)*: Total planned cost
*Planned cost (PC)*: Planned cost of work that should have
been achieved at a given point in time.
*Planned duration (PD)*: Estimated final duration of project
*Actual cost (AC)*: Cumulative cost of work accrued on the
project so far
QUESTIONS AND SOLUTIONS GRADED A+
⩥ Who are the actors involved in change control and what are
their responsibilities?.
Answer: *Sponsor*
- Ultimate authority over outcome
- Ensures approved changes do not endanger viability of
business case
- May allow PM tolerances to approve change requests.
*Change Control Board*
- May be created to have delegated authority over CRs
- Should contain representation from all relevant parties (e.g.
design authority, procurement)
*Project Manager*
- Ensures CC process is in place and strictly followed
,- Works with team to ensure CRs impact on benefits/feasibility
is fully evaluated with all recommendations sound.
⩥ What is configuration management?.
Answer: Encompasses the admin activities concerned with the
creation, maintenance, controlled change and quality control of
the scope of work.
(What is to be built, and how it fits together and operates - all
baselined).
It is closely related to change control and information
management.
⩥ What is the configuration management process?.
Answer: PICSAVA
*Planning* - Create a configuration management plan, including
guidelines on level of detail needed, roles & responsibilities.
*Identification* - Each item identified, numbered, and detailed
in context.
,*Control* - Configuration baseline is protected via change
control procedures, items stored if needed.
*Status Accounting* - Status and version of each item is tracked
and recorded throughout project e.g. with register of assets.
*Audit* - Items' status should be reviewed at each stage gate to
ensure actual status is correct esp. when handed over.
⩥ Define each earned value management term, what it is, and
how it's calculated.
Budget at completion (BAC):
Planned cost (PC):
Planned duration (PD):
Actual cost (AC):
Earned value (EV):
Cost variance (CV):
, Schedule variance (SC):
Cost Performance Index (CPI):
Schedule Performance Index (SPI):
Estimate at completion cost (cost) (EACc):
Estimate at completion (time) (EACt):.
Answer: *Budget at completion (BAC)*: Total planned cost
*Planned cost (PC)*: Planned cost of work that should have
been achieved at a given point in time.
*Planned duration (PD)*: Estimated final duration of project
*Actual cost (AC)*: Cumulative cost of work accrued on the
project so far
